Vanguard Group Inc. Sells 7,144 Shares of QAD Inc. (NASDAQ:QADA)

Vanguard Group Inc. lessened its position in shares of QAD Inc. (NASDAQ:QADA) by 1.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 518,358 shares of the software maker’s stock after selling 7,144 shares during the period. Vanguard Group Inc. owned approximately 2.64% of QAD worth $20,842,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of QADA. Bank of Montreal Can bought a new stake in QAD during the 2nd quarter worth approximately $38,000. Marshall Wace North America L.P. bought a new stake in QAD during the 1st quarter worth approximately $41,000. Aperio Group LLC bought a new stake in QAD during the 2nd quarter worth approximately $74,000. SG Americas Securities LLC bought a new stake in QAD during the 2nd quarter worth approximately $108,000. Finally, A.R.T. Advisors LLC bought a new stake in QAD during the 2nd quarter worth approximately $312,000. 43.81% of the stock is currently owned by institutional investors and hedge funds.

QADA stock traded down $0.28 during midday trading on Friday, reaching $44.78. The company had a trading volume of 106,540 shares, compared to its average volume of 60,693. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.48 and a quick ratio of 1.48. QAD Inc. has a 1 year low of $35.00 and a 1 year high of $49.65. The company has a market capitalization of $916.75 million, a P/E ratio of 214.57 and a beta of 1.07. The firm has a 50-day moving average price of $43.92 and a 200-day moving average price of $43.33.

QAD (NASDAQ:QADA) last released its quarterly earnings results on Wednesday, August 21st. The software maker reported ($0.02) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.23) by $0.21. QAD had a negative net margin of 2.70% and a positive return on equity of 2.27%. The business had revenue of $76.38 million during the quarter, compared to analysts’ expectations of $77.89 million. During the same quarter in the previous year, the company earned $0.05 EPS. The business’s quarterly revenue was down 9.7% compared to the same quarter last year. On average, equities analysts predict that QAD Inc. will post -0.47 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 25th. Shareholders of record on Wednesday, September 18th were paid a $0.072 dividend. The ex-dividend date was Tuesday, September 17th. This represents a $0.29 dividend on an annualized basis and a yield of 0.64%. QAD’s dividend payout ratio is presently 56.86%.

In other QAD news, President Pamela M. Lopker sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, October 17th. The shares were sold at an average price of $45.00, for a total value of $225,000.00. Following the completion of the transaction, the president now owns 4,356,095 shares of the company’s stock, valued at approximately $196,024,275. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, President Pamela M. Lopker sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, September 30th. The stock was sold at an average price of $46.37, for a total transaction of $185,480.00. Following the completion of the transaction, the president now directly owns 4,372,095 shares of the company’s stock, valued at approximately $202,734,045.15. The disclosure for this sale can be found here. In the last three months, insiders sold 57,995 shares of company stock valued at $2,535,401. Corporate insiders own 51.83% of the company’s stock.

A number of analysts recently weighed in on the stock. ValuEngine lowered shares of QAD from a “strong-buy” rating to a “buy” rating in a report on Thursday, October 10th. William Blair reaffirmed an “outperform” rating on shares of QAD in a report on Wednesday, August 28th. BidaskClub lowered shares of QAD from a “strong-buy” rating to a “buy” rating in a report on Thursday. Zacks Investment Research raised shares of QAD from a “hold” rating to a “buy” rating and set a $44.00 target price on the stock in a report on Tuesday, August 13th. Finally, B. Riley set a $55.00 price target on shares of QAD and gave the stock a “buy” rating in a research note on Friday, August 16th. Six investment analysts have rated the stock with a buy rating, The company presently has a consensus rating of “Buy” and a consensus target price of $50.33.

QAD Profile

QAD Inc provides enterprise software solutions for manufacturing companies in the automotive, life sciences, consumer products, food and beverage, high technology, and industrial products industries worldwide. The company offers QAD Enterprise Applications, an integrated suite of software applications, which support the core business processes.

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Institutional Ownership by Quarter for QAD (NASDAQ:QADA)

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